(a) Except as otherwise provided in § 2-1217.39j(c), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds or be subject to any personal liability by reason of the issuance of the bonds, or for any representations, warranties, covenants, obligations, or agreements of the District contained in this subpart, the bonds, the Financing Documents, or the Closing Documents.
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.
(Mar. 22, 2019, D.C. Law 22-263, § 12, 66 DCR 1378.)
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 12 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX - Tax Increment Financing
Subpart 9 - Rhode Island Avenue Project
§ 2–1217.39b. Creation of the RIA TIF Fund
§ 2–1217.39c. Creation of the RIA TIF Area
§ 2–1217.39d. Class A Bond authorization
§ 2–1217.39e. Class B Bond authorization
§ 2–1217.39f. Payment and security
§ 2–1217.39h. Issuance of the bonds
§ 2–1217.39i. Financing and Closing Documents
§ 2–1217.39j. Limited liability
§ 2–1217.39k. District officials
§ 2–1217.39l. Maintenance of documents
§ 2–1217.39m. Information reporting